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High street · checked 9 November 2026

Lloyds

0.75%Easy Saver — 0.75% AER on balances under £25,000. Interest is paid once, 12 months after opening; then it becomes a Standard Saver.

Facts, not recommendations. We aren’t paid by any bank and we don’t rank by who pays us. Rates and offers change often — checked 9 November 2026. Always read the provider’s terms before you open or switch an account.

£8a year on £1,000 at 0.75% AER — £46 at the 4.56% top rate.
£38a year on £5,000 at 0.75% AER — £228 at the 4.56% top rate.
£75a year on £10,000 at 0.75% AER — £456 at the 4.56% top rate.

TL;DR£10,000 here earns £75 in a year. That’s £381 less than the top easy-access rate we found.

Switching bonus

£200

Full switch to Club Lloyds, Silver, Platinum or Premier with three direct debits. Start the switch by 9 December 2026.

TL;DRMeet every condition and the bonus lands in your account. Miss one and you get nothing.

TypeHigh street
Part ofLloyds Banking Group
Current account feeClub Lloyds £5/month, waived if you pay in £2,000+
FSCS protectionUp to £120,000 per person, per banking licence

Quick answers

What savings rate does Lloyds pay?

Lloyds’s Easy Saver: 0.75% AER on balances under £25,000. Interest is paid once, 12 months after opening; then it becomes a Standard Saver.

Is my money safe with Lloyds?

UK deposits at a bank or building society with a UK licence are protected by the FSCS up to £120,000 per person, per licence. Lloyds is part of Lloyds Banking Group.

Does Lloyds pay you to switch?

Yes — £200. Full switch to Club Lloyds, Silver, Platinum or Premier with three direct debits. Start the switch by 9 December 2026.

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Receipts · checked 9 November 2026